NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Fri Nov 8, 2013 11:23 AM CST

Soybeans rallied to double-digit gains shortly before the release of the report. Corn was dow 4 to 5 cents.

Harvested acres for both corn and soybeans came in lower than expected as USDA accounted for more of the abandonment.

Soybean export demand jumped to 1.45 bb in 2013-2014 from the September estimate of 1.37 bb. This helped offset an increase in production due to higher yield.

Still, USDA refuses to acknowledged it is likely 30 mb off on its 2012-2013 ending stocks number. Just think if this were accurate, 2013-2014 ending stocks would be back near 140 mb.

Corn ending ...

Quick View
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Batten Down the Hatches Purdue economists forecast multiple years of negative or narrow margins for corn and soybean prod...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN Midday Livestock Comments
DTN Midday Grain Comments